Small/Mid Cap Growth Alpha ETF (NASDAQ:JSMD) Sees Unusually-High Trading Volume – What’s Next?

Small/Mid Cap Growth Alpha ETF (NASDAQ:JSMD) shares saw strong trading volume on Friday . 120,266 shares traded hands during mid-day trading, an increase of 53% from the previous session’s volume of 78,569 shares.The stock last traded at $91.89 and had previously closed at $91.06.

Small/Mid Cap Growth Alpha ETF Trading Up 1.3%

The firm has a market cap of $980.40 million, a price-to-earnings ratio of 19.08 and a beta of 1.15. The company has a 50 day moving average of $83.78 and a 200 day moving average of $84.03.

Small/Mid Cap Growth Alpha ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 7th. Investors of record on Tuesday, March 31st were paid a dividend of $0.0786 per share. This represents a $0.31 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Tuesday, March 31st.

Hedge Funds Weigh In On Small/Mid Cap Growth Alpha ETF

A number of large investors have recently added to or reduced their stakes in JSMD. Mars Jewett Financial Group Inc. bought a new position in Small/Mid Cap Growth Alpha ETF during the 4th quarter worth about $32,923,000. Thrivent Financial for Lutherans bought a new position in shares of Small/Mid Cap Growth Alpha ETF during the third quarter worth about $15,451,000. Envestnet Asset Management Inc. raised its position in Small/Mid Cap Growth Alpha ETF by 79.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 225,128 shares of the company’s stock valued at $18,824,000 after buying an additional 99,752 shares during the last quarter. Flaharty Asset Management LLC bought a new stake in Small/Mid Cap Growth Alpha ETF in the 4th quarter valued at approximately $6,761,000. Finally, &PARTNERS lifted its stake in Small/Mid Cap Growth Alpha ETF by 83.8% in the 4th quarter. &PARTNERS now owns 169,645 shares of the company’s stock valued at $13,707,000 after acquiring an additional 77,347 shares in the last quarter.

Small/Mid Cap Growth Alpha ETF Company Profile

The Janus Henderson Small\u002FMid Cap Growth Alpha ETF (JSMD) is an exchange-traded fund that is based on the Janus Small Mid Cap Growth Alpha index. The fund tracks an index of US small- and mid-cap stocks with strong fundamental measures of growth, profitability and capital efficiency. Weighting relies on the actively-managed Janus Triton Fund. JSMD was launched on Feb 25, 2016 and is managed by Janus Henderson.